Compensation and Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Compensation And Retirement Disclosure [Abstract]

Summary Of Pension Plan Funded Status and Amounts Recognized in Financial Condition Statements

The following table sets forth the Old Pension Plan’s funded status and amounts recognized in the consolidated statements of financial condition as of December 31, 2018 and 2017 using a measurement date as of December 31, 2018 and 2017, respectively:

	December 31,
	2018			2017
Projected benefit obligation	$	(14,244	)	$	(15,883	)
Fair value of plan assets		14,416			14,732
Funded status	$	172		$	(1,151	)
Accumulated benefit obligation	$	(14,244	)	$	(15,883	)
	December 31,
	2018			2017
Changes in benefit obligation:
Beginning of period	$	15,883		$	14,142
Service cost		39			39
Interest cost		542			581
Interest rate change		(1,691	)		1,338
Mortality change		(41	)		1,906
(Gain)/ Loss		243			(1,345	)
Administrative cost		(39	)		(39	)
Benefits paid		(692	)		(739	)
End of period	$	14,244		$	15,883

	December 31,
	2018			2017
Changes in plan assets:
Fair value of plan assets, beginning of year	$	14,732		$	15,038
Actual return on plan assets		415			472
Employer contributions		—			—
Plan participant contributions		—			—
Benefits paid		(692	)		(739	)
Administrative expenses paid		(39	)		(39	)
Fair value of plan assets, end of year	$	14,416		$	14,732

Benefit Costs Pretax Amounts Recognized in Accumulated Other Comprehensive Loss

Pretax amounts recognized in accumulated other comprehensive loss, which will be amortized into net periodic benefit cost over the coming years, consisted of the following components at December 31, 2018 and 2017:

	December 31,
	2018			2017
Net loss	$	(9,856	)	$	(11,224	)

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost are as follows for the years ended December 31, 2018, 2017, and 2016:

	For the Years Ended December 31,
	2018			2017			2016
Service cost	$	39		$	39		$	39
Interest cost		542			581			615
Expected return on plan assets		(860	)		(839	)		(848	)
Amortization of prior service cost		25			25			25
Amortization of (gain)/loss		299			234			248
Net periodic benefit cost	$	45		$	40		$	79

Weighted Average Assumptions Used to Determine Net Benefit Obligations

Weighted-average assumptions used to determine the net benefit obligations consisted of the following as of December 31, 2018 and 2017:

	December 31,
	2018	2017
Discount rate	4.25%	3.50%
Rate of compensation increase	0.00%	0.00%

Weighted Average Assumptions Used to Determine Net Benefit Cost

Weighted-average assumptions used to determine the net benefit cost consisted of the following for the years ended December 31, 2018 and 2017:

	December 31,
	2018	2017
Discount rate	3.50%	4.25%
Rate of compensation increase	0.00%	0.00%
Expected long-term rate of return on assets	6.00%	6.00%

Employer Contributions and Benefit Payments

Employer contributions and benefit payments for the years ended December 31, 2018 and 2017 are as follows:

	December 31,
	2018		2017
Employer contribution	$	—	$	—
Benefits paid	$	692	$	739

Expected Employee Benefit Payments

Employee benefit payments expected to be paid in the future are as follows:

Year ending December 31,
2019	$	714
2020		706
2021		700
2022		718
2023		700
Thereafter		3,569
	$	7,107

Summary of ESOP Shares

A summary of the ESOP shares is as follows:

	December 31, 2018		December 31, 2017
Shares committed-to-be released		48,250		48,250
Shares to be allocated to participants		48,250		—
Unallocated shares		627,251		675,501
Total		723,751		723,751
Fair value of unearned shares	$	7,991	$	10,254

Schedule of Restricted Stock Awards Activity and Related Information

A summary of the Company’s restricted stock units awards activity and related information for the year ended December 31, 2018 is as follows:

	2018
	Number of Shares		Weighted- Average Grant Date Fair Value Per Share
Non-vested, beginning of year		—	$	—
Granted		510,879		12.77
Forfeited		—		—
Non-vested at December 31		510,879		12.77

Schedule of Stock Option Awards Activity and Related Information

A summary of the Company’s stock option awards activity and related information for the year ended December 31, 2018 is as follows:

	2018
	Options		Weighted- Average Exercise Price Per Share		Average Intrinsic Value
Outstanding, beginning of year		—	$	—	$	—
Granted		163,766		12.77		—
Exercised		—		—		—
Forfeited		—		—		—
Outstanding, end of year		163,766	$	12.77	$	—
Exercisable, end of year		—	$	12.77	$	—

Schedule of Fair Value of Option Grant Using Black-Scholes Option Pricing Model With Weighted Average Assumptions

The fair value of each option grant is estimated on the date of grant using Black-Scholes option pricing model with the following weighted average assumptions:

	For the Year Ended December 31,
	2018
Dividend yield	0.00%
Expected life	6.5 years
Expected volatility	20.15%
Risk-free interest rate	2.74%
Weighted average grant date fair value		$	3.53